1. Relevant personnel said: "This is mainly to divest some businesses that are not strongly related to the main business, to focus on the main business." 2. As of May 31 of this year, Zhejiang Supcon Technology Co., Ltd.'s unaudited revenue was 135 million yuan, with a net loss of 29.0744 million yuan and total liabilities of 709 million yuan; 3. Zhejiang Supcon Technology Co., Ltd. owns 49.96% of the shares of the transferee, making it the company's largest shareholder.
"Star Daily" June 12th (Reporter Qiu Siyu) Yesterday evening (June 11th), Zhejiang Supcon Technology Co., Ltd. announced that it plans to transfer 100% equity of Zhejiang Central Control System Engineering Co., Ltd. (hereinafter referred to as "Central Control System Engineering") to Zhejiang Supcon Xizi Technology Co., Ltd. (hereinafter referred to as "Supcon Xizi") for a transaction price of 52.161 million yuan.
After the completion of this transaction, the company will no longer directly hold the equity of Central Control System Engineering, and Central Control System Engineering will no longer be included in the company's consolidated financial statements. The debt and credit will be assumed by the acquirer, Supcon Xizi. According to reports, senior management personnel of Zhejiang Supcon Technology Co., Ltd, Fang Yongsheng and Zhang Lei will concurrently serve as directors of Supcon Xizi, making this a related party transaction.
Today (June 12th), a journalist from the "Star Daily" called Zhejiang Supcon Technology Co., Ltd.'s Securities Division as an investor, and the relevant personnel said: "This is mainly to spin off some businesses that are not strongly linked to the main business in order to focus on the core business."
Tianyancha shows that Central Control System Engineering is a wholly-owned subsidiary of Zhejiang Supcon Technology Co., Ltd., established in 2011, mainly engaged in the development, production, sales, and technical services of automation instrument equipment and mechanical and electronic equipment.
Regarding Central Control System Engineering's business, the personnel of Zhejiang Supcon Technology Co., Ltd.'s securities division said: "This subsidiary mainly provides system engineering services. For example, when we sell instruments to customers, some on-site hardware needs to be assembled and implemented, in addition to some maintenance and other services."
In terms of finance, the "Star Daily" noted that Central Control System Engineering switched from profit to loss this year. As of May 31 of this year, the unaudited operating income was 135 million yuan, the net loss was 29.0744 million yuan, and the total liability was 709 million yuan.
Zhejiang Supcon Technology Co., Ltd. also stated that this transaction will help strengthen business synergies management among its subsidiaries, further optimize the asset structure and industrial layout.
On the acquirer's side, Tianyancha data shows that Supcon Xizi was established in 2011. Its business scope includes the manufacture of sheet metal parts, automation control integrated systems, and complete sets of electrical equipment.
As of April 30th, the unaudited operating income of Supcon Xizi was 80.117 million yuan, with a net profit of -1.2665 million yuan. It’s worth mentioning that Zhejiang Supcon Technology Co., Ltd. holds 49.96% of Supcon Xizi's shares, making it the largest shareholder.
When asked by a "Star Daily" reporter whether this transaction was aimed at beautifying the company's financial statements, the personnel of Zhejiang Supcon Technology Co., Ltd.'s securities division replied: "That is not entirely the case, Supcon Xizi is not our subsidiary. The main logic is that the company hopes to focus on its core business."
Financial reports show that Zhejiang Supcon Technology Co., Ltd. achieved operating revenue of 1.738 billion yuan in the first quarter of this year, a year-on-year increase of 20.25%, and a net profit of 145 million yuan, an increase of 57.39% year-on-year.
As of the time of publication, Zhejiang Supcon Technology Co., Ltd.'s total market value was CNY 34.8 billion yuan, and the stock price was CNY 44.13 per share.